An incident happened at the party

[SD Realtor]

Well tonite mrs SD Realtor had an incident with a mortgage broker…

Mr SD was on kid patrol this morning… then was working with some clients this afternoon… then got home and took over kid patrol while the mrs went to her friends birthday party. This is a best friend but with 2 kids mrs doesn’t get out alot so she hasn’t seen her best friend for some time.

Well her best friend is involved in a 2 serious relationship with …. a mortgage broker who is out of work. So mrs happens to ask him how things are doing… well as you can all imagine things kind of went downhill….

Now you guys have to understand… this is the same mrs that ABSOLUTELY wants to buy a home and buy now. She is not in denial about the downward spiral we are in and her motivations for buying have been well chronicled by myself on this blog. However the mrs is by no means in support of bailouts, loan workouts or anything of that nature. She is very much in the accountability camp… if someone walks on thier loan that is okay with her or if someone defaults same thing… no problem. However mention anything like bailouts or anything of that nature and she goes off…

With that said, this guy starts talking about how this entire mess would simply go away if our government would step in… Well that didn’t go over well… She came home and was red hot… Darn I wish the kids were not here (yes Rus polar express was on again… imagine that)

Some of the other things that the broker said was that this is not anyones fault…. that buyers should not be held accountable either just because they didn’t thorougly read the loan docs. My wife said she may not read loan docs thoroughly but her husband who is anal as all hell always does! Anyways words like socialist got thrown around… apparently it got heated, loud and at one point he got up and called her heartless and said he hopes she is happy when people are out in the streets. It was one of those moments where the room is silent and everyone is looking…

Why couldn’t I have been there?

Once again…this is on the same day where mrs SD R is pressing the mr very hard to put in an offer on a neighbors home…I am thinking the whole thing is a ploy to soften me up to write an offer…

Also this is by no means an indictment on mortgage brokers as a whole. I know ALOT of them and most all of them are good. True most people here think mortgage brokers and realtors are scum of the earth… I know… However this guy… well… I guess I know why he is not in business…

I think we need another entry on the sinusoidal chart that RO posted that is called lost in space.

[Arty]

If someone can pay 2000 dollars a month for interest only loan, they won’t be on the street. I don’t know why people think that every foreclosure throw people out on the street. You can rent something very nice for 2k.

[patientrenter]

“You can rent something very nice for 2k.” LOL. And you can rent something better than a cardboard box on the street for less than 1K.

There’s almost no recognition out there that the alternative to owning is not homelessness (for 99% of people), it’s called RENTING. Try it, foreclosees, you’ll find it very affordable, and dry, and warm.

Patient renter in OC

[patientrenter]

“You can rent something very nice for 2k.” LOL. And you can rent something better than a cardboard box on the street for less than 1K.

There’s almost no recognition out there that the alternative to owning is not homelessness (for 99% of people), it’s called RENTING. Try it, foreclosees, you’ll find it very affordable, and dry, and warm.

Patient renter in OC

[patientrenter]

“You can rent something very nice for 2k.” LOL. And you can rent something better than a cardboard box on the street for less than 1K.

There’s almost no recognition out there that the alternative to owning is not homelessness (for 99% of people), it’s called RENTING. Try it, foreclosees, you’ll find it very affordable, and dry, and warm.

Patient renter in OC

[patientrenter]

“You can rent something very nice for 2k.” LOL. And you can rent something better than a cardboard box on the street for less than 1K.

There’s almost no recognition out there that the alternative to owning is not homelessness (for 99% of people), it’s called RENTING. Try it, foreclosees, you’ll find it very affordable, and dry, and warm.

Patient renter in OC

[patientrenter]

“You can rent something very nice for 2k.” LOL. And you can rent something better than a cardboard box on the street for less than 1K.

There’s almost no recognition out there that the alternative to owning is not homelessness (for 99% of people), it’s called RENTING. Try it, foreclosees, you’ll find it very affordable, and dry, and warm.

Patient renter in OC

[Diego Mamani]

If someone can pay 2000 dollars a month for interest only loan, they won’t be on the street. I don’t know why people think that every foreclosure throw people out on the street.

Well said, Arty. I’m sick of reading or hearing that “families may lose their homes” on newspapers and news shows. How can you lose something that you don’t really own?

We have young families who bought houses they couldn’t afford, with little or nothing down. If their house is foreclosed, they’ll just go back to being renters. Is that so abonimable?

Bailouts and increasing FHA limits will only prolong the pain by keeping house prices inflated for a long time. Let the market work and correct itself! The sooner the better.

Can the government help? Yes! The goevrnment could threaten to take over and auction any abandoned house. That’ll keep prices low so that more families can afford a house!

[Diego Mamani]

If someone can pay 2000 dollars a month for interest only loan, they won’t be on the street. I don’t know why people think that every foreclosure throw people out on the street.

Well said, Arty. I’m sick of reading or hearing that “families may lose their homes” on newspapers and news shows. How can you lose something that you don’t really own?

We have young families who bought houses they couldn’t afford, with little or nothing down. If their house is foreclosed, they’ll just go back to being renters. Is that so abonimable?

Bailouts and increasing FHA limits will only prolong the pain by keeping house prices inflated for a long time. Let the market work and correct itself! The sooner the better.

Can the government help? Yes! The goevrnment could threaten to take over and auction any abandoned house. That’ll keep prices low so that more families can afford a house!

[Diego Mamani]

If someone can pay 2000 dollars a month for interest only loan, they won’t be on the street. I don’t know why people think that every foreclosure throw people out on the street.

Well said, Arty. I’m sick of reading or hearing that “families may lose their homes” on newspapers and news shows. How can you lose something that you don’t really own?

We have young families who bought houses they couldn’t afford, with little or nothing down. If their house is foreclosed, they’ll just go back to being renters. Is that so abonimable?

Bailouts and increasing FHA limits will only prolong the pain by keeping house prices inflated for a long time. Let the market work and correct itself! The sooner the better.

Can the government help? Yes! The goevrnment could threaten to take over and auction any abandoned house. That’ll keep prices low so that more families can afford a house!

[Diego Mamani]

If someone can pay 2000 dollars a month for interest only loan, they won’t be on the street. I don’t know why people think that every foreclosure throw people out on the street.

Well said, Arty. I’m sick of reading or hearing that “families may lose their homes” on newspapers and news shows. How can you lose something that you don’t really own?

We have young families who bought houses they couldn’t afford, with little or nothing down. If their house is foreclosed, they’ll just go back to being renters. Is that so abonimable?

Bailouts and increasing FHA limits will only prolong the pain by keeping house prices inflated for a long time. Let the market work and correct itself! The sooner the better.

Can the government help? Yes! The goevrnment could threaten to take over and auction any abandoned house. That’ll keep prices low so that more families can afford a house!

[Diego Mamani]

If someone can pay 2000 dollars a month for interest only loan, they won’t be on the street. I don’t know why people think that every foreclosure throw people out on the street.

Well said, Arty. I’m sick of reading or hearing that “families may lose their homes” on newspapers and news shows. How can you lose something that you don’t really own?

We have young families who bought houses they couldn’t afford, with little or nothing down. If their house is foreclosed, they’ll just go back to being renters. Is that so abonimable?

Bailouts and increasing FHA limits will only prolong the pain by keeping house prices inflated for a long time. Let the market work and correct itself! The sooner the better.

Can the government help? Yes! The goevrnment could threaten to take over and auction any abandoned house. That’ll keep prices low so that more families can afford a house!

[Arty]

If someone can pay 2000 dollars a month for interest only loan, they won’t be on the street. I don’t know why people think that every foreclosure throw people out on the street. You can rent something very nice for 2k.

[Arty]

If someone can pay 2000 dollars a month for interest only loan, they won’t be on the street. I don’t know why people think that every foreclosure throw people out on the street. You can rent something very nice for 2k.

[Arty]

If someone can pay 2000 dollars a month for interest only loan, they won’t be on the street. I don’t know why people think that every foreclosure throw people out on the street. You can rent something very nice for 2k.

[Arty]

If someone can pay 2000 dollars a month for interest only loan, they won’t be on the street. I don’t know why people think that every foreclosure throw people out on the street. You can rent something very nice for 2k.

[Coronita]

LOL…

 

Sounds like in your family, you play good cop, mrs. plays bad cop…

 

Me, it's the other way around. BTW: don't feel bad. I've been feuding with my neighbor over the past 2 weeks. Long story short, neighbor decides to do landscaping without getting necessary approvals from HOA or neighbors. Decides to plan trees all over the place, some with roots that are very destructive. Me try to play nice and say, these roots are going to damage both our homes. When neighbors wife ignores, Mr Fat Lazy Union blows up in front of neighbor, threatens to report them to the HOA, report them to the city for cutting down a city tree, reporting them to both the HOA and city for putting in a built in bbq without using a licensed contractor, and on and on and on.

My wife of course, plays good cop, and tells them "He's usually a nice guy….Must be that time of month again." Lol

 

Wife's constant question to me these days: "Can we move to a bigger place where the neighbor isn't so close? It might be good for your health, dear."

 

[SD Realtor]

FLU I remember your post about the neighbor and the landscaping. I wouldn’t say we are good cop bad cop… usually it is more like your situation where my mrs is scolding me for either being inappropriate or not shutting my mouth… her favorite line to me is, “not everyone at the ‘insert social event here’ really cares what you think.” and that is usually followed by why don’t you go talk about sports with someone.

we don’t go to many social events anymore.

SD Realtor

[Anonymous]

SD, I’m guessing your wife is tired of renting then? I don’t see what the rush is when if you guys wait a year to buy, the savings will probably be substantial.

Flu, I can’t see you blowing up…

But, I’d be quick to do just that if a neighbor was planting something that could ruin a property I owned.

[SD Realtor]

Hi Marion –

Yeah suffice it to say that renting has been tough on the family. Alot of moving the past 3 years and mrs SD R is worn out by it. The last storm has helped us to identify a leak in the roof. Right over our shower. The landlord is working on getting a roofer for the past few weeks now. Anyways the mrs has also personally contributed a pretty good amount to the house fund over the past few years and acknowledges economic opportunity lost by purchasing now. She doesn’t ask for much, she works hard, she raises the kids, and puts up with me… Suffice it to say I got the better end of the deal. It is not all about the money in my case.

Please don’t confuse her stance or my description of her stance to be an endorsement for people to go buy now.

[SD Realtor]

Hi Marion –

Yeah suffice it to say that renting has been tough on the family. Alot of moving the past 3 years and mrs SD R is worn out by it. The last storm has helped us to identify a leak in the roof. Right over our shower. The landlord is working on getting a roofer for the past few weeks now. Anyways the mrs has also personally contributed a pretty good amount to the house fund over the past few years and acknowledges economic opportunity lost by purchasing now. She doesn’t ask for much, she works hard, she raises the kids, and puts up with me… Suffice it to say I got the better end of the deal. It is not all about the money in my case.

Please don’t confuse her stance or my description of her stance to be an endorsement for people to go buy now.

[SD Realtor]

Hi Marion –

Yeah suffice it to say that renting has been tough on the family. Alot of moving the past 3 years and mrs SD R is worn out by it. The last storm has helped us to identify a leak in the roof. Right over our shower. The landlord is working on getting a roofer for the past few weeks now. Anyways the mrs has also personally contributed a pretty good amount to the house fund over the past few years and acknowledges economic opportunity lost by purchasing now. She doesn’t ask for much, she works hard, she raises the kids, and puts up with me… Suffice it to say I got the better end of the deal. It is not all about the money in my case.

Please don’t confuse her stance or my description of her stance to be an endorsement for people to go buy now.

[SD Realtor]

Hi Marion –

Yeah suffice it to say that renting has been tough on the family. Alot of moving the past 3 years and mrs SD R is worn out by it. The last storm has helped us to identify a leak in the roof. Right over our shower. The landlord is working on getting a roofer for the past few weeks now. Anyways the mrs has also personally contributed a pretty good amount to the house fund over the past few years and acknowledges economic opportunity lost by purchasing now. She doesn’t ask for much, she works hard, she raises the kids, and puts up with me… Suffice it to say I got the better end of the deal. It is not all about the money in my case.

Please don’t confuse her stance or my description of her stance to be an endorsement for people to go buy now.

[SD Realtor]

Hi Marion –

Yeah suffice it to say that renting has been tough on the family. Alot of moving the past 3 years and mrs SD R is worn out by it. The last storm has helped us to identify a leak in the roof. Right over our shower. The landlord is working on getting a roofer for the past few weeks now. Anyways the mrs has also personally contributed a pretty good amount to the house fund over the past few years and acknowledges economic opportunity lost by purchasing now. She doesn’t ask for much, she works hard, she raises the kids, and puts up with me… Suffice it to say I got the better end of the deal. It is not all about the money in my case.

Please don’t confuse her stance or my description of her stance to be an endorsement for people to go buy now.

[Anonymous]

SD, I’m guessing your wife is tired of renting then? I don’t see what the rush is when if you guys wait a year to buy, the savings will probably be substantial.

Flu, I can’t see you blowing up…

But, I’d be quick to do just that if a neighbor was planting something that could ruin a property I owned.

[Anonymous]

SD, I’m guessing your wife is tired of renting then? I don’t see what the rush is when if you guys wait a year to buy, the savings will probably be substantial.

Flu, I can’t see you blowing up…

But, I’d be quick to do just that if a neighbor was planting something that could ruin a property I owned.

[Anonymous]

SD, I’m guessing your wife is tired of renting then? I don’t see what the rush is when if you guys wait a year to buy, the savings will probably be substantial.

Flu, I can’t see you blowing up…

But, I’d be quick to do just that if a neighbor was planting something that could ruin a property I owned.

[Anonymous]

SD, I’m guessing your wife is tired of renting then? I don’t see what the rush is when if you guys wait a year to buy, the savings will probably be substantial.

Flu, I can’t see you blowing up…

But, I’d be quick to do just that if a neighbor was planting something that could ruin a property I owned.

[SD Realtor]

FLU I remember your post about the neighbor and the landscaping. I wouldn’t say we are good cop bad cop… usually it is more like your situation where my mrs is scolding me for either being inappropriate or not shutting my mouth… her favorite line to me is, “not everyone at the ‘insert social event here’ really cares what you think.” and that is usually followed by why don’t you go talk about sports with someone.

we don’t go to many social events anymore.

SD Realtor

[SD Realtor]

FLU I remember your post about the neighbor and the landscaping. I wouldn’t say we are good cop bad cop… usually it is more like your situation where my mrs is scolding me for either being inappropriate or not shutting my mouth… her favorite line to me is, “not everyone at the ‘insert social event here’ really cares what you think.” and that is usually followed by why don’t you go talk about sports with someone.

we don’t go to many social events anymore.

SD Realtor

[SD Realtor]

FLU I remember your post about the neighbor and the landscaping. I wouldn’t say we are good cop bad cop… usually it is more like your situation where my mrs is scolding me for either being inappropriate or not shutting my mouth… her favorite line to me is, “not everyone at the ‘insert social event here’ really cares what you think.” and that is usually followed by why don’t you go talk about sports with someone.

we don’t go to many social events anymore.

SD Realtor

[SD Realtor]

FLU I remember your post about the neighbor and the landscaping. I wouldn’t say we are good cop bad cop… usually it is more like your situation where my mrs is scolding me for either being inappropriate or not shutting my mouth… her favorite line to me is, “not everyone at the ‘insert social event here’ really cares what you think.” and that is usually followed by why don’t you go talk about sports with someone.

we don’t go to many social events anymore.

SD Realtor

[Coronita]

LOL…

 

Sounds like in your family, you play good cop, mrs. plays bad cop…

 

Me, it's the other way around. BTW: don't feel bad. I've been feuding with my neighbor over the past 2 weeks. Long story short, neighbor decides to do landscaping without getting necessary approvals from HOA or neighbors. Decides to plan trees all over the place, some with roots that are very destructive. Me try to play nice and say, these roots are going to damage both our homes. When neighbors wife ignores, Mr Fat Lazy Union blows up in front of neighbor, threatens to report them to the HOA, report them to the city for cutting down a city tree, reporting them to both the HOA and city for putting in a built in bbq without using a licensed contractor, and on and on and on.

My wife of course, plays good cop, and tells them "He's usually a nice guy….Must be that time of month again." Lol

 

Wife's constant question to me these days: "Can we move to a bigger place where the neighbor isn't so close? It might be good for your health, dear."

 

[Coronita]

LOL…

 

Sounds like in your family, you play good cop, mrs. plays bad cop…

 

Me, it's the other way around. BTW: don't feel bad. I've been feuding with my neighbor over the past 2 weeks. Long story short, neighbor decides to do landscaping without getting necessary approvals from HOA or neighbors. Decides to plan trees all over the place, some with roots that are very destructive. Me try to play nice and say, these roots are going to damage both our homes. When neighbors wife ignores, Mr Fat Lazy Union blows up in front of neighbor, threatens to report them to the HOA, report them to the city for cutting down a city tree, reporting them to both the HOA and city for putting in a built in bbq without using a licensed contractor, and on and on and on.

My wife of course, plays good cop, and tells them "He's usually a nice guy….Must be that time of month again." Lol

 

Wife's constant question to me these days: "Can we move to a bigger place where the neighbor isn't so close? It might be good for your health, dear."

 

[Coronita]

LOL…

 

Sounds like in your family, you play good cop, mrs. plays bad cop…

 

Me, it's the other way around. BTW: don't feel bad. I've been feuding with my neighbor over the past 2 weeks. Long story short, neighbor decides to do landscaping without getting necessary approvals from HOA or neighbors. Decides to plan trees all over the place, some with roots that are very destructive. Me try to play nice and say, these roots are going to damage both our homes. When neighbors wife ignores, Mr Fat Lazy Union blows up in front of neighbor, threatens to report them to the HOA, report them to the city for cutting down a city tree, reporting them to both the HOA and city for putting in a built in bbq without using a licensed contractor, and on and on and on.

My wife of course, plays good cop, and tells them "He's usually a nice guy….Must be that time of month again." Lol

 

Wife's constant question to me these days: "Can we move to a bigger place where the neighbor isn't so close? It might be good for your health, dear."

 

[Coronita]

LOL…

 

Sounds like in your family, you play good cop, mrs. plays bad cop…

 

Me, it's the other way around. BTW: don't feel bad. I've been feuding with my neighbor over the past 2 weeks. Long story short, neighbor decides to do landscaping without getting necessary approvals from HOA or neighbors. Decides to plan trees all over the place, some with roots that are very destructive. Me try to play nice and say, these roots are going to damage both our homes. When neighbors wife ignores, Mr Fat Lazy Union blows up in front of neighbor, threatens to report them to the HOA, report them to the city for cutting down a city tree, reporting them to both the HOA and city for putting in a built in bbq without using a licensed contractor, and on and on and on.

My wife of course, plays good cop, and tells them "He's usually a nice guy….Must be that time of month again." Lol

 

Wife's constant question to me these days: "Can we move to a bigger place where the neighbor isn't so close? It might be good for your health, dear."

 

[Jumby]

Good stuff….I’m glad somebody is out there spreading the gospel about the crash…

Usually I’m the one at the social event dropping knowledge and I usually know enough to shut everybody up.

It’s been 4.5 yrs since I read Talbott’s book on the coming crash and I started reading Ben’s blog not long after he got it up so I’ve logged some serious hours on this topic. I haven’t run into anybody in person that knows more about this than me. I speak to developers all day long and routinely school them…quite fun actually.

Since coming here I’ve learned alot more…

[drunkle]

three words. mixed. martial. arts. have your wife learn some brazilian juju and some thai kickboxing and let her loose.

on the flip side, it’s not unheard of for distraught financial types who go broke to go nuts… mandatory firearms searches.

[EconProf]

BobS
Congratulations on picking a smart lady.

[cr]

I wonder if your broker friend feels guilty about putting some of his former clients into homes they can no longer afford, and supporting government intervention makes him feel better about it.

[NotCranky]

I wonder if your broker friend feels guilty about putting some of his former clients into homes they can no longer afford,

coop,
I bet he is the good kind of mortgage broker who never did anything like that. Seems like those are the only kind out there anymore.

When we go to work with agents or brokers maybe we should demand to see the list of properties they sold or lent against in the last 4 years and compare to NOD’s and NOT’s.

[sdrealtor]

Rus,
You dont check? I always do.

[NotCranky]

c’mon you, know I am just trying to stir up the pot:).

[ibjames]

So.. if you WERE there, how do you think the situation would have been changed SDR?

[Enorah]

Another hilarious thread.

I am glad to know I am not the only one out there who is not fit to be heard in public anymore.

LOL

[Enorah]

Another hilarious thread.

I am glad to know I am not the only one out there who is not fit to be heard in public anymore.

LOL

[Enorah]

Another hilarious thread.

I am glad to know I am not the only one out there who is not fit to be heard in public anymore.

LOL

[Enorah]

Another hilarious thread.

I am glad to know I am not the only one out there who is not fit to be heard in public anymore.

LOL

[Enorah]

Another hilarious thread.

I am glad to know I am not the only one out there who is not fit to be heard in public anymore.

LOL

[SD Realtor]

James if I was at the party I would have been quite comical. I cannot say exactly what would have happened because I sincerely do not know. It could have deteriorated into a name calling frenzy or it could have been kept more civil (highly doubtful). Wife said he had a couple of drinks in him and I don’t drink at all so who knows how it would have turned out. I would have spoke my peace though.

In all I imagine it would have been far worse if I was there but I cannot help but think it would have been fun.

SD Realtor

[Allan from Fallbrook]

SDR: One of the coaches in our league owns a Southland Title office. I offhandedly asked how business was (not thinking about his line of work, and just making conversation), and you would’ve thought I smacked his kid in the head.

I belatedly realized my faux pas, but the stricken look on his face said it all. Quite a few folks in town are in FIRE and, as of late, don’t seem very inclined to talk about business, or the RE markets, or anything related to them. Bear in mind, these same folks 2+ yrs ago would NOT shut up. I got very used to being the stick in the mud when I would bring up boom and bust cycles, or when I asked how their clients were qualifying for loans. At the time, it was just understood that I didn’t “get it”.

[SD Realtor]

Diego well said.

Allan I know man… it is hard to talk about failure and easy to brag about success…

Guess we will have to stick to religon and politics.

SD Realtor

[mmbuyer]

i am in a similar situation. i rent a place. but my wife is hungup on buying a home. we could buy a home. but it is prudent to wait a little longer.

[mmbuyer]

i am in a similar situation. i rent a place. but my wife is hungup on buying a home. we could buy a home. but it is prudent to wait a little longer.

[mmbuyer]

i am in a similar situation. i rent a place. but my wife is hungup on buying a home. we could buy a home. but it is prudent to wait a little longer.

[mmbuyer]

i am in a similar situation. i rent a place. but my wife is hungup on buying a home. we could buy a home. but it is prudent to wait a little longer.

[mmbuyer]

i am in a similar situation. i rent a place. but my wife is hungup on buying a home. we could buy a home. but it is prudent to wait a little longer.

[SD Realtor]

Diego well said.

Allan I know man… it is hard to talk about failure and easy to brag about success…

Guess we will have to stick to religon and politics.

SD Realtor

[SD Realtor]

Diego well said.

Allan I know man… it is hard to talk about failure and easy to brag about success…

Guess we will have to stick to religon and politics.

SD Realtor

[SD Realtor]

Diego well said.

Allan I know man… it is hard to talk about failure and easy to brag about success…

Guess we will have to stick to religon and politics.

SD Realtor

[SD Realtor]

Diego well said.

Allan I know man… it is hard to talk about failure and easy to brag about success…

Guess we will have to stick to religon and politics.

SD Realtor

[Coronita]

SDR: One of the coaches in our league owns a Southland Title office. I offhandedly asked how business was (not thinking about his line of work, and just making conversation), and you would've thought I smacked his kid in the head.

I belatedly realized my faux pas, but the stricken look on his face said it all. Quite a few folks in town are in FIRE and, as of late, don't seem very inclined to talk about business, or the RE markets, or anything related to them. Bear in mind, these same folks 2+ yrs ago would NOT shut up. I got very used to being the stick in the mud when I would bring up boom and bust cycles, or when I asked how their clients were qualifying for loans. At the time, it was just understood that I didn't "get it".

 

You know, it's times like this that I have to say I don't mind be a tech worker. Then again, we'll see how I feel when a recession hits.

 

Sour grapes for everyone!

[hipmatt]

I think mortgage brokers are scum of the earth. Most of the ones I know, have no ethics, and expect quick money now during others biggest investments. They often spin a story in a selfish manner. They misuse and abuse terms like “American Dream”, and say things like “My job is great, I help people own a home”. In reality is it one of the most misunderstood, hypocritical ways that people are allowed to make money.

One of the worst examples of a mortgage broker I know, is the most cocky, vain, womanizing SOB you’ll ever meet. He brags about how much money he makes on these loans, and how he could give a loan to anyone with a pulse and make a killing.

It’s funny now the brokers are spinning a new sob story and are calling the responsible ones heartless. They want a bail out so that they can continue with their greedy ways. Profiting big time off of the backs of hardworking families.

Granted I’m for free markets and generally less regulation, but I think this industry needs heavy regulation.

Sorry if I offended one of the few “good” brokers.

[SD Realtor]

DWCAP no offense taken at all… It has nothing to do with market pricing. She does not value a home as an asset and as I said we are in a position where our next purchase will be a long term one until our toddlers grow into slackers that I can then boot out of the house.

It is simply the lifestyle of renting that she has grown well tired of. I have posted many times about it and will spare the board the minutae (probably mispelled).

I will not or cannot argue with anyone that the economics behind her decision are rational because they are not. We are a fortunate household that can afford to buy. However the crabby old man of the house, as I am most commonly referred to, refuses to let go of the economics behind the decision.

*******

Matt I understand what you are saying… I have met plenty of crappy brokers. Consequently I have met plenty of asshole engineers as well as I am in that field. Granted the ratio of asshole engineers to asshole brokers is much less. In general higher education is common amongst engineers and thus self realization of when one is being a jerk is more common.

Yours is a story I hear all the time. Regardless of whether they are brokers or realtors or car dealers or whatever. Cannot argue with it at all. All I can say is there are good ones and bad ones and I know alot in both camps.

SD Realtor

[SD Realtor]

DWCAP no offense taken at all… It has nothing to do with market pricing. She does not value a home as an asset and as I said we are in a position where our next purchase will be a long term one until our toddlers grow into slackers that I can then boot out of the house.

It is simply the lifestyle of renting that she has grown well tired of. I have posted many times about it and will spare the board the minutae (probably mispelled).

I will not or cannot argue with anyone that the economics behind her decision are rational because they are not. We are a fortunate household that can afford to buy. However the crabby old man of the house, as I am most commonly referred to, refuses to let go of the economics behind the decision.

*******

Matt I understand what you are saying… I have met plenty of crappy brokers. Consequently I have met plenty of asshole engineers as well as I am in that field. Granted the ratio of asshole engineers to asshole brokers is much less. In general higher education is common amongst engineers and thus self realization of when one is being a jerk is more common.

Yours is a story I hear all the time. Regardless of whether they are brokers or realtors or car dealers or whatever. Cannot argue with it at all. All I can say is there are good ones and bad ones and I know alot in both camps.

SD Realtor

[SD Realtor]

DWCAP no offense taken at all… It has nothing to do with market pricing. She does not value a home as an asset and as I said we are in a position where our next purchase will be a long term one until our toddlers grow into slackers that I can then boot out of the house.

It is simply the lifestyle of renting that she has grown well tired of. I have posted many times about it and will spare the board the minutae (probably mispelled).

I will not or cannot argue with anyone that the economics behind her decision are rational because they are not. We are a fortunate household that can afford to buy. However the crabby old man of the house, as I am most commonly referred to, refuses to let go of the economics behind the decision.

*******

Matt I understand what you are saying… I have met plenty of crappy brokers. Consequently I have met plenty of asshole engineers as well as I am in that field. Granted the ratio of asshole engineers to asshole brokers is much less. In general higher education is common amongst engineers and thus self realization of when one is being a jerk is more common.

Yours is a story I hear all the time. Regardless of whether they are brokers or realtors or car dealers or whatever. Cannot argue with it at all. All I can say is there are good ones and bad ones and I know alot in both camps.

SD Realtor

[SD Realtor]

DWCAP no offense taken at all… It has nothing to do with market pricing. She does not value a home as an asset and as I said we are in a position where our next purchase will be a long term one until our toddlers grow into slackers that I can then boot out of the house.

It is simply the lifestyle of renting that she has grown well tired of. I have posted many times about it and will spare the board the minutae (probably mispelled).

I will not or cannot argue with anyone that the economics behind her decision are rational because they are not. We are a fortunate household that can afford to buy. However the crabby old man of the house, as I am most commonly referred to, refuses to let go of the economics behind the decision.

*******

Matt I understand what you are saying… I have met plenty of crappy brokers. Consequently I have met plenty of asshole engineers as well as I am in that field. Granted the ratio of asshole engineers to asshole brokers is much less. In general higher education is common amongst engineers and thus self realization of when one is being a jerk is more common.

Yours is a story I hear all the time. Regardless of whether they are brokers or realtors or car dealers or whatever. Cannot argue with it at all. All I can say is there are good ones and bad ones and I know alot in both camps.

SD Realtor

[SD Realtor]

DWCAP no offense taken at all… It has nothing to do with market pricing. She does not value a home as an asset and as I said we are in a position where our next purchase will be a long term one until our toddlers grow into slackers that I can then boot out of the house.

It is simply the lifestyle of renting that she has grown well tired of. I have posted many times about it and will spare the board the minutae (probably mispelled).

I will not or cannot argue with anyone that the economics behind her decision are rational because they are not. We are a fortunate household that can afford to buy. However the crabby old man of the house, as I am most commonly referred to, refuses to let go of the economics behind the decision.

*******

Matt I understand what you are saying… I have met plenty of crappy brokers. Consequently I have met plenty of asshole engineers as well as I am in that field. Granted the ratio of asshole engineers to asshole brokers is much less. In general higher education is common amongst engineers and thus self realization of when one is being a jerk is more common.

Yours is a story I hear all the time. Regardless of whether they are brokers or realtors or car dealers or whatever. Cannot argue with it at all. All I can say is there are good ones and bad ones and I know alot in both camps.

SD Realtor

[hipmatt]

I think mortgage brokers are scum of the earth. Most of the ones I know, have no ethics, and expect quick money now during others biggest investments. They often spin a story in a selfish manner. They misuse and abuse terms like “American Dream”, and say things like “My job is great, I help people own a home”. In reality is it one of the most misunderstood, hypocritical ways that people are allowed to make money.

One of the worst examples of a mortgage broker I know, is the most cocky, vain, womanizing SOB you’ll ever meet. He brags about how much money he makes on these loans, and how he could give a loan to anyone with a pulse and make a killing.

It’s funny now the brokers are spinning a new sob story and are calling the responsible ones heartless. They want a bail out so that they can continue with their greedy ways. Profiting big time off of the backs of hardworking families.

Granted I’m for free markets and generally less regulation, but I think this industry needs heavy regulation.

Sorry if I offended one of the few “good” brokers.

[hipmatt]

I think mortgage brokers are scum of the earth. Most of the ones I know, have no ethics, and expect quick money now during others biggest investments. They often spin a story in a selfish manner. They misuse and abuse terms like “American Dream”, and say things like “My job is great, I help people own a home”. In reality is it one of the most misunderstood, hypocritical ways that people are allowed to make money.

One of the worst examples of a mortgage broker I know, is the most cocky, vain, womanizing SOB you’ll ever meet. He brags about how much money he makes on these loans, and how he could give a loan to anyone with a pulse and make a killing.

It’s funny now the brokers are spinning a new sob story and are calling the responsible ones heartless. They want a bail out so that they can continue with their greedy ways. Profiting big time off of the backs of hardworking families.

Granted I’m for free markets and generally less regulation, but I think this industry needs heavy regulation.

Sorry if I offended one of the few “good” brokers.

[hipmatt]

I think mortgage brokers are scum of the earth. Most of the ones I know, have no ethics, and expect quick money now during others biggest investments. They often spin a story in a selfish manner. They misuse and abuse terms like “American Dream”, and say things like “My job is great, I help people own a home”. In reality is it one of the most misunderstood, hypocritical ways that people are allowed to make money.

One of the worst examples of a mortgage broker I know, is the most cocky, vain, womanizing SOB you’ll ever meet. He brags about how much money he makes on these loans, and how he could give a loan to anyone with a pulse and make a killing.

It’s funny now the brokers are spinning a new sob story and are calling the responsible ones heartless. They want a bail out so that they can continue with their greedy ways. Profiting big time off of the backs of hardworking families.

Granted I’m for free markets and generally less regulation, but I think this industry needs heavy regulation.

Sorry if I offended one of the few “good” brokers.

[hipmatt]

I think mortgage brokers are scum of the earth. Most of the ones I know, have no ethics, and expect quick money now during others biggest investments. They often spin a story in a selfish manner. They misuse and abuse terms like “American Dream”, and say things like “My job is great, I help people own a home”. In reality is it one of the most misunderstood, hypocritical ways that people are allowed to make money.

One of the worst examples of a mortgage broker I know, is the most cocky, vain, womanizing SOB you’ll ever meet. He brags about how much money he makes on these loans, and how he could give a loan to anyone with a pulse and make a killing.

It’s funny now the brokers are spinning a new sob story and are calling the responsible ones heartless. They want a bail out so that they can continue with their greedy ways. Profiting big time off of the backs of hardworking families.

Granted I’m for free markets and generally less regulation, but I think this industry needs heavy regulation.

Sorry if I offended one of the few “good” brokers.

[Coronita]

SDR: One of the coaches in our league owns a Southland Title office. I offhandedly asked how business was (not thinking about his line of work, and just making conversation), and you would've thought I smacked his kid in the head.

I belatedly realized my faux pas, but the stricken look on his face said it all. Quite a few folks in town are in FIRE and, as of late, don't seem very inclined to talk about business, or the RE markets, or anything related to them. Bear in mind, these same folks 2+ yrs ago would NOT shut up. I got very used to being the stick in the mud when I would bring up boom and bust cycles, or when I asked how their clients were qualifying for loans. At the time, it was just understood that I didn't "get it".

 

You know, it's times like this that I have to say I don't mind be a tech worker. Then again, we'll see how I feel when a recession hits.

 

Sour grapes for everyone!

[Coronita]

SDR: One of the coaches in our league owns a Southland Title office. I offhandedly asked how business was (not thinking about his line of work, and just making conversation), and you would've thought I smacked his kid in the head.

I belatedly realized my faux pas, but the stricken look on his face said it all. Quite a few folks in town are in FIRE and, as of late, don't seem very inclined to talk about business, or the RE markets, or anything related to them. Bear in mind, these same folks 2+ yrs ago would NOT shut up. I got very used to being the stick in the mud when I would bring up boom and bust cycles, or when I asked how their clients were qualifying for loans. At the time, it was just understood that I didn't "get it".

 

You know, it's times like this that I have to say I don't mind be a tech worker. Then again, we'll see how I feel when a recession hits.

 

Sour grapes for everyone!

[Coronita]

SDR: One of the coaches in our league owns a Southland Title office. I offhandedly asked how business was (not thinking about his line of work, and just making conversation), and you would've thought I smacked his kid in the head.

I belatedly realized my faux pas, but the stricken look on his face said it all. Quite a few folks in town are in FIRE and, as of late, don't seem very inclined to talk about business, or the RE markets, or anything related to them. Bear in mind, these same folks 2+ yrs ago would NOT shut up. I got very used to being the stick in the mud when I would bring up boom and bust cycles, or when I asked how their clients were qualifying for loans. At the time, it was just understood that I didn't "get it".

 

You know, it's times like this that I have to say I don't mind be a tech worker. Then again, we'll see how I feel when a recession hits.

 

Sour grapes for everyone!

[Coronita]

SDR: One of the coaches in our league owns a Southland Title office. I offhandedly asked how business was (not thinking about his line of work, and just making conversation), and you would've thought I smacked his kid in the head.

I belatedly realized my faux pas, but the stricken look on his face said it all. Quite a few folks in town are in FIRE and, as of late, don't seem very inclined to talk about business, or the RE markets, or anything related to them. Bear in mind, these same folks 2+ yrs ago would NOT shut up. I got very used to being the stick in the mud when I would bring up boom and bust cycles, or when I asked how their clients were qualifying for loans. At the time, it was just understood that I didn't "get it".

 

You know, it's times like this that I have to say I don't mind be a tech worker. Then again, we'll see how I feel when a recession hits.

 

Sour grapes for everyone!

[Allan from Fallbrook]

SDR: One of the coaches in our league owns a Southland Title office. I offhandedly asked how business was (not thinking about his line of work, and just making conversation), and you would’ve thought I smacked his kid in the head.

I belatedly realized my faux pas, but the stricken look on his face said it all. Quite a few folks in town are in FIRE and, as of late, don’t seem very inclined to talk about business, or the RE markets, or anything related to them. Bear in mind, these same folks 2+ yrs ago would NOT shut up. I got very used to being the stick in the mud when I would bring up boom and bust cycles, or when I asked how their clients were qualifying for loans. At the time, it was just understood that I didn’t “get it”.

[Allan from Fallbrook]

SDR: One of the coaches in our league owns a Southland Title office. I offhandedly asked how business was (not thinking about his line of work, and just making conversation), and you would’ve thought I smacked his kid in the head.

I belatedly realized my faux pas, but the stricken look on his face said it all. Quite a few folks in town are in FIRE and, as of late, don’t seem very inclined to talk about business, or the RE markets, or anything related to them. Bear in mind, these same folks 2+ yrs ago would NOT shut up. I got very used to being the stick in the mud when I would bring up boom and bust cycles, or when I asked how their clients were qualifying for loans. At the time, it was just understood that I didn’t “get it”.

[Allan from Fallbrook]

SDR: One of the coaches in our league owns a Southland Title office. I offhandedly asked how business was (not thinking about his line of work, and just making conversation), and you would’ve thought I smacked his kid in the head.

I belatedly realized my faux pas, but the stricken look on his face said it all. Quite a few folks in town are in FIRE and, as of late, don’t seem very inclined to talk about business, or the RE markets, or anything related to them. Bear in mind, these same folks 2+ yrs ago would NOT shut up. I got very used to being the stick in the mud when I would bring up boom and bust cycles, or when I asked how their clients were qualifying for loans. At the time, it was just understood that I didn’t “get it”.

[Allan from Fallbrook]

SDR: One of the coaches in our league owns a Southland Title office. I offhandedly asked how business was (not thinking about his line of work, and just making conversation), and you would’ve thought I smacked his kid in the head.

I belatedly realized my faux pas, but the stricken look on his face said it all. Quite a few folks in town are in FIRE and, as of late, don’t seem very inclined to talk about business, or the RE markets, or anything related to them. Bear in mind, these same folks 2+ yrs ago would NOT shut up. I got very used to being the stick in the mud when I would bring up boom and bust cycles, or when I asked how their clients were qualifying for loans. At the time, it was just understood that I didn’t “get it”.

[SD Realtor]

James if I was at the party I would have been quite comical. I cannot say exactly what would have happened because I sincerely do not know. It could have deteriorated into a name calling frenzy or it could have been kept more civil (highly doubtful). Wife said he had a couple of drinks in him and I don’t drink at all so who knows how it would have turned out. I would have spoke my peace though.

In all I imagine it would have been far worse if I was there but I cannot help but think it would have been fun.

SD Realtor

[SD Realtor]

James if I was at the party I would have been quite comical. I cannot say exactly what would have happened because I sincerely do not know. It could have deteriorated into a name calling frenzy or it could have been kept more civil (highly doubtful). Wife said he had a couple of drinks in him and I don’t drink at all so who knows how it would have turned out. I would have spoke my peace though.

In all I imagine it would have been far worse if I was there but I cannot help but think it would have been fun.

SD Realtor

[SD Realtor]

James if I was at the party I would have been quite comical. I cannot say exactly what would have happened because I sincerely do not know. It could have deteriorated into a name calling frenzy or it could have been kept more civil (highly doubtful). Wife said he had a couple of drinks in him and I don’t drink at all so who knows how it would have turned out. I would have spoke my peace though.

In all I imagine it would have been far worse if I was there but I cannot help but think it would have been fun.

SD Realtor

[SD Realtor]

James if I was at the party I would have been quite comical. I cannot say exactly what would have happened because I sincerely do not know. It could have deteriorated into a name calling frenzy or it could have been kept more civil (highly doubtful). Wife said he had a couple of drinks in him and I don’t drink at all so who knows how it would have turned out. I would have spoke my peace though.

In all I imagine it would have been far worse if I was there but I cannot help but think it would have been fun.

SD Realtor

[ibjames]

So.. if you WERE there, how do you think the situation would have been changed SDR?

[ibjames]

So.. if you WERE there, how do you think the situation would have been changed SDR?

[ibjames]

So.. if you WERE there, how do you think the situation would have been changed SDR?

[ibjames]

So.. if you WERE there, how do you think the situation would have been changed SDR?

[NotCranky]

c’mon you, know I am just trying to stir up the pot:).

[NotCranky]

c’mon you, know I am just trying to stir up the pot:).

[NotCranky]

c’mon you, know I am just trying to stir up the pot:).

[NotCranky]

c’mon you, know I am just trying to stir up the pot:).

[sdrealtor]

Rus,
You dont check? I always do.

[sdrealtor]

Rus,
You dont check? I always do.

[sdrealtor]

Rus,
You dont check? I always do.

[sdrealtor]

Rus,
You dont check? I always do.

[NotCranky]

I wonder if your broker friend feels guilty about putting some of his former clients into homes they can no longer afford,

coop,
I bet he is the good kind of mortgage broker who never did anything like that. Seems like those are the only kind out there anymore.

When we go to work with agents or brokers maybe we should demand to see the list of properties they sold or lent against in the last 4 years and compare to NOD’s and NOT’s.

[NotCranky]

I wonder if your broker friend feels guilty about putting some of his former clients into homes they can no longer afford,

coop,
I bet he is the good kind of mortgage broker who never did anything like that. Seems like those are the only kind out there anymore.

When we go to work with agents or brokers maybe we should demand to see the list of properties they sold or lent against in the last 4 years and compare to NOD’s and NOT’s.

[NotCranky]

I wonder if your broker friend feels guilty about putting some of his former clients into homes they can no longer afford,

coop,
I bet he is the good kind of mortgage broker who never did anything like that. Seems like those are the only kind out there anymore.

When we go to work with agents or brokers maybe we should demand to see the list of properties they sold or lent against in the last 4 years and compare to NOD’s and NOT’s.

[NotCranky]

I wonder if your broker friend feels guilty about putting some of his former clients into homes they can no longer afford,

coop,
I bet he is the good kind of mortgage broker who never did anything like that. Seems like those are the only kind out there anymore.

When we go to work with agents or brokers maybe we should demand to see the list of properties they sold or lent against in the last 4 years and compare to NOD’s and NOT’s.

[cr]

I wonder if your broker friend feels guilty about putting some of his former clients into homes they can no longer afford, and supporting government intervention makes him feel better about it.

[cr]

I wonder if your broker friend feels guilty about putting some of his former clients into homes they can no longer afford, and supporting government intervention makes him feel better about it.

[cr]

I wonder if your broker friend feels guilty about putting some of his former clients into homes they can no longer afford, and supporting government intervention makes him feel better about it.

[cr]

I wonder if your broker friend feels guilty about putting some of his former clients into homes they can no longer afford, and supporting government intervention makes him feel better about it.

[EconProf]

BobS
Congratulations on picking a smart lady.

[EconProf]

BobS
Congratulations on picking a smart lady.

[EconProf]

BobS
Congratulations on picking a smart lady.

[EconProf]

BobS
Congratulations on picking a smart lady.

[drunkle]

three words. mixed. martial. arts. have your wife learn some brazilian juju and some thai kickboxing and let her loose.

on the flip side, it’s not unheard of for distraught financial types who go broke to go nuts… mandatory firearms searches.

[drunkle]

three words. mixed. martial. arts. have your wife learn some brazilian juju and some thai kickboxing and let her loose.

on the flip side, it’s not unheard of for distraught financial types who go broke to go nuts… mandatory firearms searches.

[drunkle]

three words. mixed. martial. arts. have your wife learn some brazilian juju and some thai kickboxing and let her loose.

on the flip side, it’s not unheard of for distraught financial types who go broke to go nuts… mandatory firearms searches.

[drunkle]

three words. mixed. martial. arts. have your wife learn some brazilian juju and some thai kickboxing and let her loose.

on the flip side, it’s not unheard of for distraught financial types who go broke to go nuts… mandatory firearms searches.

[Jumby]

Good stuff….I’m glad somebody is out there spreading the gospel about the crash…

Usually I’m the one at the social event dropping knowledge and I usually know enough to shut everybody up.

It’s been 4.5 yrs since I read Talbott’s book on the coming crash and I started reading Ben’s blog not long after he got it up so I’ve logged some serious hours on this topic. I haven’t run into anybody in person that knows more about this than me. I speak to developers all day long and routinely school them…quite fun actually.

Since coming here I’ve learned alot more…

[Jumby]

Good stuff….I’m glad somebody is out there spreading the gospel about the crash…

Usually I’m the one at the social event dropping knowledge and I usually know enough to shut everybody up.

It’s been 4.5 yrs since I read Talbott’s book on the coming crash and I started reading Ben’s blog not long after he got it up so I’ve logged some serious hours on this topic. I haven’t run into anybody in person that knows more about this than me. I speak to developers all day long and routinely school them…quite fun actually.

Since coming here I’ve learned alot more…

[Jumby]

Good stuff….I’m glad somebody is out there spreading the gospel about the crash…

Usually I’m the one at the social event dropping knowledge and I usually know enough to shut everybody up.

It’s been 4.5 yrs since I read Talbott’s book on the coming crash and I started reading Ben’s blog not long after he got it up so I’ve logged some serious hours on this topic. I haven’t run into anybody in person that knows more about this than me. I speak to developers all day long and routinely school them…quite fun actually.

Since coming here I’ve learned alot more…

[Jumby]

Good stuff….I’m glad somebody is out there spreading the gospel about the crash…

Usually I’m the one at the social event dropping knowledge and I usually know enough to shut everybody up.

It’s been 4.5 yrs since I read Talbott’s book on the coming crash and I started reading Ben’s blog not long after he got it up so I’ve logged some serious hours on this topic. I haven’t run into anybody in person that knows more about this than me. I speak to developers all day long and routinely school them…quite fun actually.

Since coming here I’ve learned alot more…

[AK]

I’ve been known to warn people: “It’s safer to talk about a man’s sister than about his mortgage.”

[AK]

I’ve been known to warn people: “It’s safer to talk about a man’s sister than about his mortgage.”

[AK]

I’ve been known to warn people: “It’s safer to talk about a man’s sister than about his mortgage.”

[AK]

I’ve been known to warn people: “It’s safer to talk about a man’s sister than about his mortgage.”

[AK]

I’ve been known to warn people: “It’s safer to talk about a man’s sister than about his mortgage.”

[dejams]

I am in the same boat as all you guys. I am currently renting but the wife would like to purchase a property soon in the next couple months because she thinks the RE will get better soon. She said you can’t time the bottom but at least get it at the low end and we plan to stay at the home for long term. I guess we will all wait and see how things will turn out as the economy is turning south.

[an]

She said you can’t time the bottom but at least get it at the low end and we plan to stay at the home for long term.

That statement is very contradictory. If you can’t time the bottom, then how do you know you’re at the low end?

[an]

She said you can’t time the bottom but at least get it at the low end and we plan to stay at the home for long term.

That statement is very contradictory. If you can’t time the bottom, then how do you know you’re at the low end?

[an]

She said you can’t time the bottom but at least get it at the low end and we plan to stay at the home for long term.

That statement is very contradictory. If you can’t time the bottom, then how do you know you’re at the low end?

[an]

She said you can’t time the bottom but at least get it at the low end and we plan to stay at the home for long term.

That statement is very contradictory. If you can’t time the bottom, then how do you know you’re at the low end?

[an]

She said you can’t time the bottom but at least get it at the low end and we plan to stay at the home for long term.

That statement is very contradictory. If you can’t time the bottom, then how do you know you’re at the low end?

[barnaby33]

Ah Nancy Reagan, where are you now! Just say no! To the wifes nesting instinct forcing you to make a bad financial decision, a really bad one.

Josh

[barnaby33]

Ah Nancy Reagan, where are you now! Just say no! To the wifes nesting instinct forcing you to make a bad financial decision, a really bad one.

Josh

[barnaby33]

Ah Nancy Reagan, where are you now! Just say no! To the wifes nesting instinct forcing you to make a bad financial decision, a really bad one.

Josh

[barnaby33]

Ah Nancy Reagan, where are you now! Just say no! To the wifes nesting instinct forcing you to make a bad financial decision, a really bad one.

Josh

[barnaby33]

Ah Nancy Reagan, where are you now! Just say no! To the wifes nesting instinct forcing you to make a bad financial decision, a really bad one.

Josh

[Ren]

I am in the same boat as all you guys. I am currently renting but the wife would like to purchase a property soon in the next couple months because she thinks the RE will get better soon. She said you can’t time the bottom but at least get it at the low end and we plan to stay at the home for long term.

I show my (pregnant, nesting) wife real world examples. I managed to convince her over a year ago not to buy until 2009 at the soonest, and now I’m able to show her what would have happened otherwise. If we had bought a particular place 18 months ago for $500k with $100k down, that $100k would have evaporated by now. Then I show her an endless stream of articles written by experts that aren’t out for your money (i.e., no RE agents or mortgage brokers), all saying it would be a horrible mistake to buy now. If she still insists, put your foot down. It’s your money too (whether you earned it or not), and you need to flat out refuse to throw it away.

I’ve found that the people who think the market is going to go up any second simply aren’t educating themselves about it, either because they’re in denial or just plain lazy.

[scaredyclassic]

Social pressure sucks. i get it too. You’d think I was guilty of child abuse for renting. i sometimes am tempted to tell my mother in law to shut the hell up. i assume at some point things will get bad enough that she’ll tunaround, forget everything she’s said, and congratualte me for being smart. Then it will definitely be safe to buy. So, for everyone trying to time the bottom, I’d wait until my mother-in-law becomes bearish.

Drink Heavily.

[cyphire]

I’m in somewhat the same boat, but luckily my wife understands the turmoil going on in the re market. We are renting in La Jolla, and she wants to paint the walls. I told her no way. It’s bad enough that we will probably have to replace the rugs (2 poorly trained dogs + very low end carpet which stains from anything getting on it)….

Anyway – she understands. But this Sunday’s paper showed a 12% drop in the south counties, but a 0% drop in the coastal central, that doesn’t look like a crash to me… I know that median prices are not a good measure, but where is the data? Why isn’t La Jolla and Carmel Valley not dropping according to the median? It sure looks to me that there are drops, but why is the price the same as last year?

Tell me so I can tell her!

[SD Realtor]

heheheheh –

We are in the same boat but mine is a smaller canoe in scripps while yours has a bit more horsepower in la jolla.

Come on now cyphire you know the answer to your question. LJ and CV have a stronger demand, less speculation, ratio-wise a much lower distress ratio then lower end or middle end areas, and homeowners that either have a strong equity stake, or are well employed and/or have not meandered into poor financing vehicles.

These factors do not absolve areas like CV and LJ, they just help them to be later players in the downward cycle. Indeed there have been foreclosures in both these areas but the demand is strong and homes that are price right or in distress move quick in these areas.

They will find thier way down the slip n slide but it will be towards the back end of the cycle.

SD Realtor

[murf2222]

“We are in the same boat but mine is a smaller canoe in scripps while yours has a bit more horsepower in la jolla.”………

Ditto here SD-R, but our boat is literally *A BOAT*…….a 38 footer on Shelter island to be exact.

We sold our house in the inland empire 4 years ago (too early) and bought the boat as a means of short-term housing. Well, a years worth of going to open houses just made me livid about how outta whack the prices were. I re-nigged on my 6 month plan and have been catching grief from the Mrs. ever since.

It’s only been since this summer that she finally realized that my predictions about the housing market imploding might actually be correct.

[SD Realtor]

Hey murf2222 that sounds pretty cool.

We may all have to start a support group… We can call it spouses united for economic sanity. Seriously though I threw a lowball offer at the home up the street that is a FSBO. We have been eyeballing it for awhile as the owner told us he was going to sell it several months ago. So a few weeks ago he put a sign out front. I doubt he will take the offer but I have appeased my wife although tonite we had a good row about the topic in general….. a road we have travelled down many times.

Anyways have strength.

SD Realtor

[murf2222]

SD-R, you’ve peaked my curiousity.

I’ve been lurking around this site for a couple years now and have noticed that you and I have similar tastes in what we want our next house to be….. (large private lot/setting, like what is offered in Old Scripps vs. New Scripps).

Now that some price reductions are REALLY starting to materialize I’m wondering what price you would feel comfortable paying TODAY?

I’ve made several lowball offers in the mid 600K range on houses in Scripps, Del Cerro and Mt. Helix about a year and a half ago. (to appease the wife ya know?). Of course all were flatly rejected, but now I’m starting to think that if I were to pursue the same houses TODAY I’d be offering EVEN LESS!

So if you don’t mind, can you let me in on what type of property/price you’d feel comfortable paying TODAY in light of the accelerated downward price pressure we’re seeing? (Don’t worry, I’m not gonna try and steal it out from under you…..hehe)

Murf

[SD Realtor]

Hi Murf

Well, the answer to your question is unique for each person. What I would feel comfortable paying is based on my on budget. We are making an offer that would result in a housing payment that would be equivalent to our current rent after you run through the entire year. That would include paying property taxes, homeowners insurance, etc but then getting a refund back. The loss point of view is the interest on the CDs where the cash is currently located.

So suffice it to say that in order to get what I want we will carry a single 417k loan and pay for the rest of the home in cash.

I do project a pretty healthy depreciation on the price of the property but such is life. We will be there at least 18 years and I doubt they will take the offer anyway so it is an appeasement offer more then anything else.

In terms of type of property you pegged it, I want a large lot and neither my wife or myself are fans of new housing, nor will we pay Mello Roos. We also want a cul de sac, we don’t want the back of the home to be against power lines or a busy street…. We would ideally like something with wider easements so your neighbor is not looking into your yard or home. So basically if we can find something in good condition like that in a decent school district we will be okay with it.

Anyways, sorry if that is vague.. Basically our limit is the high 600’s or maybe 700 flat.

SD Realtor

[murf2222]

Thanks for the candid reply SD-R.

In re-reading my own post I realize that I might have been getting a little too personal…..hope it did’nt come off that way.

The way you describe your ideal setting makes me think we’re twins that were separated at birth!

Not sure whether you’ve investigated it or not, but Mt Helix fits OUR private *fetish* to a tee. It might put us a little further east than I would ideally like, but 90% of the properties there are situated just right.

Mike

[murf2222]

Thanks for the candid reply SD-R.

In re-reading my own post I realize that I might have been getting a little too personal…..hope it did’nt come off that way.

The way you describe your ideal setting makes me think we’re twins that were separated at birth!

Not sure whether you’ve investigated it or not, but Mt Helix fits OUR private *fetish* to a tee. It might put us a little further east than I would ideally like, but 90% of the properties there are situated just right.

Mike

[murf2222]

Thanks for the candid reply SD-R.

In re-reading my own post I realize that I might have been getting a little too personal…..hope it did’nt come off that way.

The way you describe your ideal setting makes me think we’re twins that were separated at birth!

Not sure whether you’ve investigated it or not, but Mt Helix fits OUR private *fetish* to a tee. It might put us a little further east than I would ideally like, but 90% of the properties there are situated just right.

Mike

[murf2222]

Thanks for the candid reply SD-R.

In re-reading my own post I realize that I might have been getting a little too personal…..hope it did’nt come off that way.

The way you describe your ideal setting makes me think we’re twins that were separated at birth!

Not sure whether you’ve investigated it or not, but Mt Helix fits OUR private *fetish* to a tee. It might put us a little further east than I would ideally like, but 90% of the properties there are situated just right.

Mike

[murf2222]

Thanks for the candid reply SD-R.

In re-reading my own post I realize that I might have been getting a little too personal…..hope it did’nt come off that way.

The way you describe your ideal setting makes me think we’re twins that were separated at birth!

Not sure whether you’ve investigated it or not, but Mt Helix fits OUR private *fetish* to a tee. It might put us a little further east than I would ideally like, but 90% of the properties there are situated just right.

Mike

[SD Realtor]

Hi Murf

Well, the answer to your question is unique for each person. What I would feel comfortable paying is based on my on budget. We are making an offer that would result in a housing payment that would be equivalent to our current rent after you run through the entire year. That would include paying property taxes, homeowners insurance, etc but then getting a refund back. The loss point of view is the interest on the CDs where the cash is currently located.

So suffice it to say that in order to get what I want we will carry a single 417k loan and pay for the rest of the home in cash.

I do project a pretty healthy depreciation on the price of the property but such is life. We will be there at least 18 years and I doubt they will take the offer anyway so it is an appeasement offer more then anything else.

In terms of type of property you pegged it, I want a large lot and neither my wife or myself are fans of new housing, nor will we pay Mello Roos. We also want a cul de sac, we don’t want the back of the home to be against power lines or a busy street…. We would ideally like something with wider easements so your neighbor is not looking into your yard or home. So basically if we can find something in good condition like that in a decent school district we will be okay with it.

Anyways, sorry if that is vague.. Basically our limit is the high 600’s or maybe 700 flat.

SD Realtor

[SD Realtor]

Hi Murf

Well, the answer to your question is unique for each person. What I would feel comfortable paying is based on my on budget. We are making an offer that would result in a housing payment that would be equivalent to our current rent after you run through the entire year. That would include paying property taxes, homeowners insurance, etc but then getting a refund back. The loss point of view is the interest on the CDs where the cash is currently located.

So suffice it to say that in order to get what I want we will carry a single 417k loan and pay for the rest of the home in cash.

I do project a pretty healthy depreciation on the price of the property but such is life. We will be there at least 18 years and I doubt they will take the offer anyway so it is an appeasement offer more then anything else.

In terms of type of property you pegged it, I want a large lot and neither my wife or myself are fans of new housing, nor will we pay Mello Roos. We also want a cul de sac, we don’t want the back of the home to be against power lines or a busy street…. We would ideally like something with wider easements so your neighbor is not looking into your yard or home. So basically if we can find something in good condition like that in a decent school district we will be okay with it.

Anyways, sorry if that is vague.. Basically our limit is the high 600’s or maybe 700 flat.

SD Realtor

[SD Realtor]

Hi Murf

Well, the answer to your question is unique for each person. What I would feel comfortable paying is based on my on budget. We are making an offer that would result in a housing payment that would be equivalent to our current rent after you run through the entire year. That would include paying property taxes, homeowners insurance, etc but then getting a refund back. The loss point of view is the interest on the CDs where the cash is currently located.

So suffice it to say that in order to get what I want we will carry a single 417k loan and pay for the rest of the home in cash.

I do project a pretty healthy depreciation on the price of the property but such is life. We will be there at least 18 years and I doubt they will take the offer anyway so it is an appeasement offer more then anything else.

In terms of type of property you pegged it, I want a large lot and neither my wife or myself are fans of new housing, nor will we pay Mello Roos. We also want a cul de sac, we don’t want the back of the home to be against power lines or a busy street…. We would ideally like something with wider easements so your neighbor is not looking into your yard or home. So basically if we can find something in good condition like that in a decent school district we will be okay with it.

Anyways, sorry if that is vague.. Basically our limit is the high 600’s or maybe 700 flat.

SD Realtor

[SD Realtor]

Hi Murf

Well, the answer to your question is unique for each person. What I would feel comfortable paying is based on my on budget. We are making an offer that would result in a housing payment that would be equivalent to our current rent after you run through the entire year. That would include paying property taxes, homeowners insurance, etc but then getting a refund back. The loss point of view is the interest on the CDs where the cash is currently located.

So suffice it to say that in order to get what I want we will carry a single 417k loan and pay for the rest of the home in cash.

I do project a pretty healthy depreciation on the price of the property but such is life. We will be there at least 18 years and I doubt they will take the offer anyway so it is an appeasement offer more then anything else.

In terms of type of property you pegged it, I want a large lot and neither my wife or myself are fans of new housing, nor will we pay Mello Roos. We also want a cul de sac, we don’t want the back of the home to be against power lines or a busy street…. We would ideally like something with wider easements so your neighbor is not looking into your yard or home. So basically if we can find something in good condition like that in a decent school district we will be okay with it.

Anyways, sorry if that is vague.. Basically our limit is the high 600’s or maybe 700 flat.

SD Realtor

[murf2222]

SD-R, you’ve peaked my curiousity.

I’ve been lurking around this site for a couple years now and have noticed that you and I have similar tastes in what we want our next house to be….. (large private lot/setting, like what is offered in Old Scripps vs. New Scripps).

Now that some price reductions are REALLY starting to materialize I’m wondering what price you would feel comfortable paying TODAY?

I’ve made several lowball offers in the mid 600K range on houses in Scripps, Del Cerro and Mt. Helix about a year and a half ago. (to appease the wife ya know?). Of course all were flatly rejected, but now I’m starting to think that if I were to pursue the same houses TODAY I’d be offering EVEN LESS!

So if you don’t mind, can you let me in on what type of property/price you’d feel comfortable paying TODAY in light of the accelerated downward price pressure we’re seeing? (Don’t worry, I’m not gonna try and steal it out from under you…..hehe)

Murf

[murf2222]

SD-R, you’ve peaked my curiousity.

I’ve been lurking around this site for a couple years now and have noticed that you and I have similar tastes in what we want our next house to be….. (large private lot/setting, like what is offered in Old Scripps vs. New Scripps).

Now that some price reductions are REALLY starting to materialize I’m wondering what price you would feel comfortable paying TODAY?

I’ve made several lowball offers in the mid 600K range on houses in Scripps, Del Cerro and Mt. Helix about a year and a half ago. (to appease the wife ya know?). Of course all were flatly rejected, but now I’m starting to think that if I were to pursue the same houses TODAY I’d be offering EVEN LESS!

So if you don’t mind, can you let me in on what type of property/price you’d feel comfortable paying TODAY in light of the accelerated downward price pressure we’re seeing? (Don’t worry, I’m not gonna try and steal it out from under you…..hehe)

Murf

[murf2222]

SD-R, you’ve peaked my curiousity.

I’ve been lurking around this site for a couple years now and have noticed that you and I have similar tastes in what we want our next house to be….. (large private lot/setting, like what is offered in Old Scripps vs. New Scripps).

Now that some price reductions are REALLY starting to materialize I’m wondering what price you would feel comfortable paying TODAY?

I’ve made several lowball offers in the mid 600K range on houses in Scripps, Del Cerro and Mt. Helix about a year and a half ago. (to appease the wife ya know?). Of course all were flatly rejected, but now I’m starting to think that if I were to pursue the same houses TODAY I’d be offering EVEN LESS!

So if you don’t mind, can you let me in on what type of property/price you’d feel comfortable paying TODAY in light of the accelerated downward price pressure we’re seeing? (Don’t worry, I’m not gonna try and steal it out from under you…..hehe)

Murf

[murf2222]

SD-R, you’ve peaked my curiousity.

I’ve been lurking around this site for a couple years now and have noticed that you and I have similar tastes in what we want our next house to be….. (large private lot/setting, like what is offered in Old Scripps vs. New Scripps).

Now that some price reductions are REALLY starting to materialize I’m wondering what price you would feel comfortable paying TODAY?

I’ve made several lowball offers in the mid 600K range on houses in Scripps, Del Cerro and Mt. Helix about a year and a half ago. (to appease the wife ya know?). Of course all were flatly rejected, but now I’m starting to think that if I were to pursue the same houses TODAY I’d be offering EVEN LESS!

So if you don’t mind, can you let me in on what type of property/price you’d feel comfortable paying TODAY in light of the accelerated downward price pressure we’re seeing? (Don’t worry, I’m not gonna try and steal it out from under you…..hehe)

Murf

[SD Realtor]

Hey murf2222 that sounds pretty cool.

We may all have to start a support group… We can call it spouses united for economic sanity. Seriously though I threw a lowball offer at the home up the street that is a FSBO. We have been eyeballing it for awhile as the owner told us he was going to sell it several months ago. So a few weeks ago he put a sign out front. I doubt he will take the offer but I have appeased my wife although tonite we had a good row about the topic in general….. a road we have travelled down many times.

Anyways have strength.

SD Realtor

[SD Realtor]

Hey murf2222 that sounds pretty cool.

We may all have to start a support group… We can call it spouses united for economic sanity. Seriously though I threw a lowball offer at the home up the street that is a FSBO. We have been eyeballing it for awhile as the owner told us he was going to sell it several months ago. So a few weeks ago he put a sign out front. I doubt he will take the offer but I have appeased my wife although tonite we had a good row about the topic in general….. a road we have travelled down many times.

Anyways have strength.

SD Realtor

[SD Realtor]

Hey murf2222 that sounds pretty cool.

We may all have to start a support group… We can call it spouses united for economic sanity. Seriously though I threw a lowball offer at the home up the street that is a FSBO. We have been eyeballing it for awhile as the owner told us he was going to sell it several months ago. So a few weeks ago he put a sign out front. I doubt he will take the offer but I have appeased my wife although tonite we had a good row about the topic in general….. a road we have travelled down many times.

Anyways have strength.

SD Realtor

[SD Realtor]

Hey murf2222 that sounds pretty cool.

We may all have to start a support group… We can call it spouses united for economic sanity. Seriously though I threw a lowball offer at the home up the street that is a FSBO. We have been eyeballing it for awhile as the owner told us he was going to sell it several months ago. So a few weeks ago he put a sign out front. I doubt he will take the offer but I have appeased my wife although tonite we had a good row about the topic in general….. a road we have travelled down many times.

Anyways have strength.

SD Realtor

[murf2222]

“We are in the same boat but mine is a smaller canoe in scripps while yours has a bit more horsepower in la jolla.”………

Ditto here SD-R, but our boat is literally *A BOAT*…….a 38 footer on Shelter island to be exact.

We sold our house in the inland empire 4 years ago (too early) and bought the boat as a means of short-term housing. Well, a years worth of going to open houses just made me livid about how outta whack the prices were. I re-nigged on my 6 month plan and have been catching grief from the Mrs. ever since.

It’s only been since this summer that she finally realized that my predictions about the housing market imploding might actually be correct.

[murf2222]

“We are in the same boat but mine is a smaller canoe in scripps while yours has a bit more horsepower in la jolla.”………

Ditto here SD-R, but our boat is literally *A BOAT*…….a 38 footer on Shelter island to be exact.

We sold our house in the inland empire 4 years ago (too early) and bought the boat as a means of short-term housing. Well, a years worth of going to open houses just made me livid about how outta whack the prices were. I re-nigged on my 6 month plan and have been catching grief from the Mrs. ever since.

It’s only been since this summer that she finally realized that my predictions about the housing market imploding might actually be correct.

[murf2222]

“We are in the same boat but mine is a smaller canoe in scripps while yours has a bit more horsepower in la jolla.”………

Ditto here SD-R, but our boat is literally *A BOAT*…….a 38 footer on Shelter island to be exact.

We sold our house in the inland empire 4 years ago (too early) and bought the boat as a means of short-term housing. Well, a years worth of going to open houses just made me livid about how outta whack the prices were. I re-nigged on my 6 month plan and have been catching grief from the Mrs. ever since.

It’s only been since this summer that she finally realized that my predictions about the housing market imploding might actually be correct.

[murf2222]

“We are in the same boat but mine is a smaller canoe in scripps while yours has a bit more horsepower in la jolla.”………

Ditto here SD-R, but our boat is literally *A BOAT*…….a 38 footer on Shelter island to be exact.

We sold our house in the inland empire 4 years ago (too early) and bought the boat as a means of short-term housing. Well, a years worth of going to open houses just made me livid about how outta whack the prices were. I re-nigged on my 6 month plan and have been catching grief from the Mrs. ever since.

It’s only been since this summer that she finally realized that my predictions about the housing market imploding might actually be correct.

[SD Realtor]

heheheheh –

We are in the same boat but mine is a smaller canoe in scripps while yours has a bit more horsepower in la jolla.

Come on now cyphire you know the answer to your question. LJ and CV have a stronger demand, less speculation, ratio-wise a much lower distress ratio then lower end or middle end areas, and homeowners that either have a strong equity stake, or are well employed and/or have not meandered into poor financing vehicles.

These factors do not absolve areas like CV and LJ, they just help them to be later players in the downward cycle. Indeed there have been foreclosures in both these areas but the demand is strong and homes that are price right or in distress move quick in these areas.

They will find thier way down the slip n slide but it will be towards the back end of the cycle.

SD Realtor

[SD Realtor]

heheheheh –

We are in the same boat but mine is a smaller canoe in scripps while yours has a bit more horsepower in la jolla.

Come on now cyphire you know the answer to your question. LJ and CV have a stronger demand, less speculation, ratio-wise a much lower distress ratio then lower end or middle end areas, and homeowners that either have a strong equity stake, or are well employed and/or have not meandered into poor financing vehicles.

These factors do not absolve areas like CV and LJ, they just help them to be later players in the downward cycle. Indeed there have been foreclosures in both these areas but the demand is strong and homes that are price right or in distress move quick in these areas.

They will find thier way down the slip n slide but it will be towards the back end of the cycle.

SD Realtor

[SD Realtor]

heheheheh –

We are in the same boat but mine is a smaller canoe in scripps while yours has a bit more horsepower in la jolla.

Come on now cyphire you know the answer to your question. LJ and CV have a stronger demand, less speculation, ratio-wise a much lower distress ratio then lower end or middle end areas, and homeowners that either have a strong equity stake, or are well employed and/or have not meandered into poor financing vehicles.

These factors do not absolve areas like CV and LJ, they just help them to be later players in the downward cycle. Indeed there have been foreclosures in both these areas but the demand is strong and homes that are price right or in distress move quick in these areas.

They will find thier way down the slip n slide but it will be towards the back end of the cycle.

SD Realtor

[SD Realtor]

heheheheh –

We are in the same boat but mine is a smaller canoe in scripps while yours has a bit more horsepower in la jolla.

Come on now cyphire you know the answer to your question. LJ and CV have a stronger demand, less speculation, ratio-wise a much lower distress ratio then lower end or middle end areas, and homeowners that either have a strong equity stake, or are well employed and/or have not meandered into poor financing vehicles.

These factors do not absolve areas like CV and LJ, they just help them to be later players in the downward cycle. Indeed there have been foreclosures in both these areas but the demand is strong and homes that are price right or in distress move quick in these areas.

They will find thier way down the slip n slide but it will be towards the back end of the cycle.

SD Realtor

[cyphire]

I’m in somewhat the same boat, but luckily my wife understands the turmoil going on in the re market. We are renting in La Jolla, and she wants to paint the walls. I told her no way. It’s bad enough that we will probably have to replace the rugs (2 poorly trained dogs + very low end carpet which stains from anything getting on it)….

Anyway – she understands. But this Sunday’s paper showed a 12% drop in the south counties, but a 0% drop in the coastal central, that doesn’t look like a crash to me… I know that median prices are not a good measure, but where is the data? Why isn’t La Jolla and Carmel Valley not dropping according to the median? It sure looks to me that there are drops, but why is the price the same as last year?

Tell me so I can tell her!

[cyphire]

I’m in somewhat the same boat, but luckily my wife understands the turmoil going on in the re market. We are renting in La Jolla, and she wants to paint the walls. I told her no way. It’s bad enough that we will probably have to replace the rugs (2 poorly trained dogs + very low end carpet which stains from anything getting on it)….

Anyway – she understands. But this Sunday’s paper showed a 12% drop in the south counties, but a 0% drop in the coastal central, that doesn’t look like a crash to me… I know that median prices are not a good measure, but where is the data? Why isn’t La Jolla and Carmel Valley not dropping according to the median? It sure looks to me that there are drops, but why is the price the same as last year?

Tell me so I can tell her!

[cyphire]

I’m in somewhat the same boat, but luckily my wife understands the turmoil going on in the re market. We are renting in La Jolla, and she wants to paint the walls. I told her no way. It’s bad enough that we will probably have to replace the rugs (2 poorly trained dogs + very low end carpet which stains from anything getting on it)….

Anyway – she understands. But this Sunday’s paper showed a 12% drop in the south counties, but a 0% drop in the coastal central, that doesn’t look like a crash to me… I know that median prices are not a good measure, but where is the data? Why isn’t La Jolla and Carmel Valley not dropping according to the median? It sure looks to me that there are drops, but why is the price the same as last year?

Tell me so I can tell her!

[cyphire]

I’m in somewhat the same boat, but luckily my wife understands the turmoil going on in the re market. We are renting in La Jolla, and she wants to paint the walls. I told her no way. It’s bad enough that we will probably have to replace the rugs (2 poorly trained dogs + very low end carpet which stains from anything getting on it)….

Anyway – she understands. But this Sunday’s paper showed a 12% drop in the south counties, but a 0% drop in the coastal central, that doesn’t look like a crash to me… I know that median prices are not a good measure, but where is the data? Why isn’t La Jolla and Carmel Valley not dropping according to the median? It sure looks to me that there are drops, but why is the price the same as last year?

Tell me so I can tell her!

[barnaby33]

Publicdefender, I loved your post. Social pressure sucks. i get it too. Since I don’t have a MIL, can I use yours? I don’t need to meet her or anything, you can just tell us when she switches positions.

Josh

[NotCranky]

On the other hand:
The last time I visted my MIL I told her the best thing they could do was sell and rent, followed with, “it is not as though I expect you too or anything like that”.
She still loves me.

[NotCranky]

On the other hand:
The last time I visted my MIL I told her the best thing they could do was sell and rent, followed with, “it is not as though I expect you too or anything like that”.
She still loves me.

[NotCranky]

On the other hand:
The last time I visted my MIL I told her the best thing they could do was sell and rent, followed with, “it is not as though I expect you too or anything like that”.
She still loves me.

[NotCranky]

On the other hand:
The last time I visted my MIL I told her the best thing they could do was sell and rent, followed with, “it is not as though I expect you too or anything like that”.
She still loves me.

[NotCranky]

On the other hand:
The last time I visted my MIL I told her the best thing they could do was sell and rent, followed with, “it is not as though I expect you too or anything like that”.
She still loves me.

[Drew]

A few weeks ago I realized that discussing the current housing situation is akin to having a religion debate, in that no matter how discrete you are, or how much you try to be nice, you’re bound to hurt someone’s feelings or get into an arguement.

I’ve been finding myself stuck in conversations at work with a fellow co-worker that is in a “need to sell” situation, because he is moving his family out of state to one of our other offices after the new year. In an effort to be nice and not cause him anymore stress, I usually just nod and smile. However, there have been a few times that I snap out of my trance and try to slap some sense into him, without any luck of course. The latest conversation that just left me dumbfounded went like this:

me: How are your moving plans progressing? You still hope to be out of SD by early January?

co-worker: We’ve got a schedule, but we dont have any offers on the house yet. Lots of lookers, but no offers yet.

me: Man, that sucks. Have you thought about lowering your price?

co-worker: No. It’s priced to sell.

me: hrm. Well is it really priced to sell if you havent had any offers yet? (laughing nervously)

co-worker: Yeah, well, its the “off season” for selling. It will pick up after the new year.

me: you’re probably right. good luck.

and it ends…

It’s sad really, because he is a good guy. But its obivous that his emotions are in complete control of the situation.

[Drew]

A few weeks ago I realized that discussing the current housing situation is akin to having a religion debate, in that no matter how discrete you are, or how much you try to be nice, you’re bound to hurt someone’s feelings or get into an arguement.

I’ve been finding myself stuck in conversations at work with a fellow co-worker that is in a “need to sell” situation, because he is moving his family out of state to one of our other offices after the new year. In an effort to be nice and not cause him anymore stress, I usually just nod and smile. However, there have been a few times that I snap out of my trance and try to slap some sense into him, without any luck of course. The latest conversation that just left me dumbfounded went like this:

me: How are your moving plans progressing? You still hope to be out of SD by early January?

co-worker: We’ve got a schedule, but we dont have any offers on the house yet. Lots of lookers, but no offers yet.

me: Man, that sucks. Have you thought about lowering your price?

co-worker: No. It’s priced to sell.

me: hrm. Well is it really priced to sell if you havent had any offers yet? (laughing nervously)

co-worker: Yeah, well, its the “off season” for selling. It will pick up after the new year.

me: you’re probably right. good luck.

and it ends…

It’s sad really, because he is a good guy. But its obivous that his emotions are in complete control of the situation.

[Drew]

A few weeks ago I realized that discussing the current housing situation is akin to having a religion debate, in that no matter how discrete you are, or how much you try to be nice, you’re bound to hurt someone’s feelings or get into an arguement.

I’ve been finding myself stuck in conversations at work with a fellow co-worker that is in a “need to sell” situation, because he is moving his family out of state to one of our other offices after the new year. In an effort to be nice and not cause him anymore stress, I usually just nod and smile. However, there have been a few times that I snap out of my trance and try to slap some sense into him, without any luck of course. The latest conversation that just left me dumbfounded went like this:

me: How are your moving plans progressing? You still hope to be out of SD by early January?

co-worker: We’ve got a schedule, but we dont have any offers on the house yet. Lots of lookers, but no offers yet.

me: Man, that sucks. Have you thought about lowering your price?

co-worker: No. It’s priced to sell.

me: hrm. Well is it really priced to sell if you havent had any offers yet? (laughing nervously)

co-worker: Yeah, well, its the “off season” for selling. It will pick up after the new year.

me: you’re probably right. good luck.

and it ends…

It’s sad really, because he is a good guy. But its obivous that his emotions are in complete control of the situation.

[Drew]

A few weeks ago I realized that discussing the current housing situation is akin to having a religion debate, in that no matter how discrete you are, or how much you try to be nice, you’re bound to hurt someone’s feelings or get into an arguement.

I’ve been finding myself stuck in conversations at work with a fellow co-worker that is in a “need to sell” situation, because he is moving his family out of state to one of our other offices after the new year. In an effort to be nice and not cause him anymore stress, I usually just nod and smile. However, there have been a few times that I snap out of my trance and try to slap some sense into him, without any luck of course. The latest conversation that just left me dumbfounded went like this:

me: How are your moving plans progressing? You still hope to be out of SD by early January?

co-worker: We’ve got a schedule, but we dont have any offers on the house yet. Lots of lookers, but no offers yet.

me: Man, that sucks. Have you thought about lowering your price?

co-worker: No. It’s priced to sell.

me: hrm. Well is it really priced to sell if you havent had any offers yet? (laughing nervously)

co-worker: Yeah, well, its the “off season” for selling. It will pick up after the new year.

me: you’re probably right. good luck.

and it ends…

It’s sad really, because he is a good guy. But its obivous that his emotions are in complete control of the situation.

[Drew]

A few weeks ago I realized that discussing the current housing situation is akin to having a religion debate, in that no matter how discrete you are, or how much you try to be nice, you’re bound to hurt someone’s feelings or get into an arguement.

I’ve been finding myself stuck in conversations at work with a fellow co-worker that is in a “need to sell” situation, because he is moving his family out of state to one of our other offices after the new year. In an effort to be nice and not cause him anymore stress, I usually just nod and smile. However, there have been a few times that I snap out of my trance and try to slap some sense into him, without any luck of course. The latest conversation that just left me dumbfounded went like this:

me: How are your moving plans progressing? You still hope to be out of SD by early January?

co-worker: We’ve got a schedule, but we dont have any offers on the house yet. Lots of lookers, but no offers yet.

me: Man, that sucks. Have you thought about lowering your price?

co-worker: No. It’s priced to sell.

me: hrm. Well is it really priced to sell if you havent had any offers yet? (laughing nervously)

co-worker: Yeah, well, its the “off season” for selling. It will pick up after the new year.

me: you’re probably right. good luck.

and it ends…

It’s sad really, because he is a good guy. But its obivous that his emotions are in complete control of the situation.

[barnaby33]

Publicdefender, I loved your post. Social pressure sucks. i get it too. Since I don’t have a MIL, can I use yours? I don’t need to meet her or anything, you can just tell us when she switches positions.

Josh

[barnaby33]

Publicdefender, I loved your post. Social pressure sucks. i get it too. Since I don’t have a MIL, can I use yours? I don’t need to meet her or anything, you can just tell us when she switches positions.

Josh

[barnaby33]

Publicdefender, I loved your post. Social pressure sucks. i get it too. Since I don’t have a MIL, can I use yours? I don’t need to meet her or anything, you can just tell us when she switches positions.

Josh

[barnaby33]

Publicdefender, I loved your post. Social pressure sucks. i get it too. Since I don’t have a MIL, can I use yours? I don’t need to meet her or anything, you can just tell us when she switches positions.

Josh

[scaredyclassic]

Social pressure sucks. i get it too. You’d think I was guilty of child abuse for renting. i sometimes am tempted to tell my mother in law to shut the hell up. i assume at some point things will get bad enough that she’ll tunaround, forget everything she’s said, and congratualte me for being smart. Then it will definitely be safe to buy. So, for everyone trying to time the bottom, I’d wait until my mother-in-law becomes bearish.

Drink Heavily.

[scaredyclassic]

Social pressure sucks. i get it too. You’d think I was guilty of child abuse for renting. i sometimes am tempted to tell my mother in law to shut the hell up. i assume at some point things will get bad enough that she’ll tunaround, forget everything she’s said, and congratualte me for being smart. Then it will definitely be safe to buy. So, for everyone trying to time the bottom, I’d wait until my mother-in-law becomes bearish.

Drink Heavily.

[scaredyclassic]

Social pressure sucks. i get it too. You’d think I was guilty of child abuse for renting. i sometimes am tempted to tell my mother in law to shut the hell up. i assume at some point things will get bad enough that she’ll tunaround, forget everything she’s said, and congratualte me for being smart. Then it will definitely be safe to buy. So, for everyone trying to time the bottom, I’d wait until my mother-in-law becomes bearish.

Drink Heavily.

[scaredyclassic]

Social pressure sucks. i get it too. You’d think I was guilty of child abuse for renting. i sometimes am tempted to tell my mother in law to shut the hell up. i assume at some point things will get bad enough that she’ll tunaround, forget everything she’s said, and congratualte me for being smart. Then it will definitely be safe to buy. So, for everyone trying to time the bottom, I’d wait until my mother-in-law becomes bearish.

Drink Heavily.

[Ren]

I am in the same boat as all you guys. I am currently renting but the wife would like to purchase a property soon in the next couple months because she thinks the RE will get better soon. She said you can’t time the bottom but at least get it at the low end and we plan to stay at the home for long term.

I show my (pregnant, nesting) wife real world examples. I managed to convince her over a year ago not to buy until 2009 at the soonest, and now I’m able to show her what would have happened otherwise. If we had bought a particular place 18 months ago for $500k with $100k down, that $100k would have evaporated by now. Then I show her an endless stream of articles written by experts that aren’t out for your money (i.e., no RE agents or mortgage brokers), all saying it would be a horrible mistake to buy now. If she still insists, put your foot down. It’s your money too (whether you earned it or not), and you need to flat out refuse to throw it away.

I’ve found that the people who think the market is going to go up any second simply aren’t educating themselves about it, either because they’re in denial or just plain lazy.

[Ren]

I am in the same boat as all you guys. I am currently renting but the wife would like to purchase a property soon in the next couple months because she thinks the RE will get better soon. She said you can’t time the bottom but at least get it at the low end and we plan to stay at the home for long term.

I show my (pregnant, nesting) wife real world examples. I managed to convince her over a year ago not to buy until 2009 at the soonest, and now I’m able to show her what would have happened otherwise. If we had bought a particular place 18 months ago for $500k with $100k down, that $100k would have evaporated by now. Then I show her an endless stream of articles written by experts that aren’t out for your money (i.e., no RE agents or mortgage brokers), all saying it would be a horrible mistake to buy now. If she still insists, put your foot down. It’s your money too (whether you earned it or not), and you need to flat out refuse to throw it away.

I’ve found that the people who think the market is going to go up any second simply aren’t educating themselves about it, either because they’re in denial or just plain lazy.

[Ren]

I am in the same boat as all you guys. I am currently renting but the wife would like to purchase a property soon in the next couple months because she thinks the RE will get better soon. She said you can’t time the bottom but at least get it at the low end and we plan to stay at the home for long term.

I show my (pregnant, nesting) wife real world examples. I managed to convince her over a year ago not to buy until 2009 at the soonest, and now I’m able to show her what would have happened otherwise. If we had bought a particular place 18 months ago for $500k with $100k down, that $100k would have evaporated by now. Then I show her an endless stream of articles written by experts that aren’t out for your money (i.e., no RE agents or mortgage brokers), all saying it would be a horrible mistake to buy now. If she still insists, put your foot down. It’s your money too (whether you earned it or not), and you need to flat out refuse to throw it away.

I’ve found that the people who think the market is going to go up any second simply aren’t educating themselves about it, either because they’re in denial or just plain lazy.

[Ren]

I am in the same boat as all you guys. I am currently renting but the wife would like to purchase a property soon in the next couple months because she thinks the RE will get better soon. She said you can’t time the bottom but at least get it at the low end and we plan to stay at the home for long term.

I show my (pregnant, nesting) wife real world examples. I managed to convince her over a year ago not to buy until 2009 at the soonest, and now I’m able to show her what would have happened otherwise. If we had bought a particular place 18 months ago for $500k with $100k down, that $100k would have evaporated by now. Then I show her an endless stream of articles written by experts that aren’t out for your money (i.e., no RE agents or mortgage brokers), all saying it would be a horrible mistake to buy now. If she still insists, put your foot down. It’s your money too (whether you earned it or not), and you need to flat out refuse to throw it away.

I’ve found that the people who think the market is going to go up any second simply aren’t educating themselves about it, either because they’re in denial or just plain lazy.

[dejams]

I am in the same boat as all you guys. I am currently renting but the wife would like to purchase a property soon in the next couple months because she thinks the RE will get better soon. She said you can’t time the bottom but at least get it at the low end and we plan to stay at the home for long term. I guess we will all wait and see how things will turn out as the economy is turning south.

[dejams]

I am in the same boat as all you guys. I am currently renting but the wife would like to purchase a property soon in the next couple months because she thinks the RE will get better soon. She said you can’t time the bottom but at least get it at the low end and we plan to stay at the home for long term. I guess we will all wait and see how things will turn out as the economy is turning south.

[dejams]

I am in the same boat as all you guys. I am currently renting but the wife would like to purchase a property soon in the next couple months because she thinks the RE will get better soon. She said you can’t time the bottom but at least get it at the low end and we plan to stay at the home for long term. I guess we will all wait and see how things will turn out as the economy is turning south.

[dejams]

I am in the same boat as all you guys. I am currently renting but the wife would like to purchase a property soon in the next couple months because she thinks the RE will get better soon. She said you can’t time the bottom but at least get it at the low end and we plan to stay at the home for long term. I guess we will all wait and see how things will turn out as the economy is turning south.

[DWCAP]

Not to be offensive here or anything, but why does it seem that so many wifes here are ready to buy just because the market has gone down a few percent? Ok, the value of not having to move with kids (schools, friends etc.) is understood, but still. I know some people who bought houses as rentals 10-30 years ago, and want nothing more than someone who will stay and be good to their place. One was VERY sad when the renter of 8+ years finally moved. My own landlord jumped at the chance to keep me in my place, with NO rent increase. Seems odd to me that you have to move every year or two, but then I am not married or have kids, so maybe I am missing something?
Whenever I hear someone say the “Its a great time to buy, how much do you think this market will go down!” I think of a UT story I read not too long after I moved to SD. A guy moved out of his long term rental and bought a condo in Poway area. He got like $20000 off the price tag and was sure he nailed a great deal. Now look where condo’s are. I know you cant time the bottom, and it is more important that you like where you live, but buying out of fear of having to move again, or being unable to paint the walls any color you want, or that you will never be able to afford anything in a crashing market (Just read the damn paper people, it isnt going UP!) seems more like fear tactics then sound financial planning.

[DWCAP]

Not to be offensive here or anything, but why does it seem that so many wifes here are ready to buy just because the market has gone down a few percent? Ok, the value of not having to move with kids (schools, friends etc.) is understood, but still. I know some people who bought houses as rentals 10-30 years ago, and want nothing more than someone who will stay and be good to their place. One was VERY sad when the renter of 8+ years finally moved. My own landlord jumped at the chance to keep me in my place, with NO rent increase. Seems odd to me that you have to move every year or two, but then I am not married or have kids, so maybe I am missing something?
Whenever I hear someone say the “Its a great time to buy, how much do you think this market will go down!” I think of a UT story I read not too long after I moved to SD. A guy moved out of his long term rental and bought a condo in Poway area. He got like $20000 off the price tag and was sure he nailed a great deal. Now look where condo’s are. I know you cant time the bottom, and it is more important that you like where you live, but buying out of fear of having to move again, or being unable to paint the walls any color you want, or that you will never be able to afford anything in a crashing market (Just read the damn paper people, it isnt going UP!) seems more like fear tactics then sound financial planning.

[DWCAP]

Not to be offensive here or anything, but why does it seem that so many wifes here are ready to buy just because the market has gone down a few percent? Ok, the value of not having to move with kids (schools, friends etc.) is understood, but still. I know some people who bought houses as rentals 10-30 years ago, and want nothing more than someone who will stay and be good to their place. One was VERY sad when the renter of 8+ years finally moved. My own landlord jumped at the chance to keep me in my place, with NO rent increase. Seems odd to me that you have to move every year or two, but then I am not married or have kids, so maybe I am missing something?
Whenever I hear someone say the “Its a great time to buy, how much do you think this market will go down!” I think of a UT story I read not too long after I moved to SD. A guy moved out of his long term rental and bought a condo in Poway area. He got like $20000 off the price tag and was sure he nailed a great deal. Now look where condo’s are. I know you cant time the bottom, and it is more important that you like where you live, but buying out of fear of having to move again, or being unable to paint the walls any color you want, or that you will never be able to afford anything in a crashing market (Just read the damn paper people, it isnt going UP!) seems more like fear tactics then sound financial planning.

[DWCAP]

Not to be offensive here or anything, but why does it seem that so many wifes here are ready to buy just because the market has gone down a few percent? Ok, the value of not having to move with kids (schools, friends etc.) is understood, but still. I know some people who bought houses as rentals 10-30 years ago, and want nothing more than someone who will stay and be good to their place. One was VERY sad when the renter of 8+ years finally moved. My own landlord jumped at the chance to keep me in my place, with NO rent increase. Seems odd to me that you have to move every year or two, but then I am not married or have kids, so maybe I am missing something?
Whenever I hear someone say the “Its a great time to buy, how much do you think this market will go down!” I think of a UT story I read not too long after I moved to SD. A guy moved out of his long term rental and bought a condo in Poway area. He got like $20000 off the price tag and was sure he nailed a great deal. Now look where condo’s are. I know you cant time the bottom, and it is more important that you like where you live, but buying out of fear of having to move again, or being unable to paint the walls any color you want, or that you will never be able to afford anything in a crashing market (Just read the damn paper people, it isnt going UP!) seems more like fear tactics then sound financial planning.

[DWCAP]

Not to be offensive here or anything, but why does it seem that so many wifes here are ready to buy just because the market has gone down a few percent? Ok, the value of not having to move with kids (schools, friends etc.) is understood, but still. I know some people who bought houses as rentals 10-30 years ago, and want nothing more than someone who will stay and be good to their place. One was VERY sad when the renter of 8+ years finally moved. My own landlord jumped at the chance to keep me in my place, with NO rent increase. Seems odd to me that you have to move every year or two, but then I am not married or have kids, so maybe I am missing something?
Whenever I hear someone say the “Its a great time to buy, how much do you think this market will go down!” I think of a UT story I read not too long after I moved to SD. A guy moved out of his long term rental and bought a condo in Poway area. He got like $20000 off the price tag and was sure he nailed a great deal. Now look where condo’s are. I know you cant time the bottom, and it is more important that you like where you live, but buying out of fear of having to move again, or being unable to paint the walls any color you want, or that you will never be able to afford anything in a crashing market (Just read the damn paper people, it isnt going UP!) seems more like fear tactics then sound financial planning.

[Author]

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